Mastercraft Boat Holdings, Inc. · NASDAQ:MCFT
Mastercraft Boat — Q2 2025 Earnings Presentation
19 slides from Mastercraft Boat's earnings presentation, Feb 6, 2025
Slide 1: Fiscal Second Quarter 2025 Results
Fiscal Second Quarter 2025 Results February 6, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. Forward- looking statements generally relate to future events and include, without limitation, projections
Slide 3: Call Participants
Call Participants Brad Nelson Tim Oxley Chief Executive Officer Chief Financial Officer & Director F I S C AL S E C O N D Q U AR T E R 2 0 2 5 R E S U L T S 3
Slide 4: Brand portfolio: ski-wake, pontoon and luxury pontoon brands
#1 ski-wake brand(1) Leading pontoon brand Innovative luxury pontoon brand Innovation and differentiation Diverse product offerings Emphasis on premium positioning Iconic marine brand 65+ years of brand equity De novo brand with growth potential (1) Source: Statistical Surveys, Inc. F I S C AL S E C
Slide 5: Fiscal Second Quarter 2025 Results
Fiscal Second Quarter 2025 Results F I S C AL S E C O N D Q U AR T E R 2 0 2 5 R E S U L T S 5
Slide 6: Second Quarter 2025 Earnings Overview
Second Quarter 2025 Earnings Overview Financial Results Above Resilient Balance Sheet Narrowing Fiscal 2025 Improved Dealer Health Expectations Provides Flexibility Guidance Net sales of $63.4 million Returned ~$4.2 million of capital Robust destocking efforts over Net sales between $275M an
Slide 7: Second Quarter Comparative Results
Second Quarter Comparative Results Net Sales* Adjusted EBITDA Adjusted Diluted Net Unit Volume ($’s in millions) ($’s in millions) Income Per Share $89.8 $63.4 856 553 $12.9 $0.55 $17.1 365 $8.3 153 $72.7 $55.1 491 $3.5 400 $0.10 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Master
Slide 8: Second Quarter YTD Comparative Results
Second Quarter YTD Comparative Results Net Sales* Adjusted EBITDA Adjusted Diluted Net Unit Volume ($’s in millions) ($’s in millions) Income Per Share $184.1 $128.7 1,712 1,104 $26.9 $35.5 $1.15 727 $18.1 330 $148.5 $110.6 985 $7.4 774 $0.22 Q2 FY24 YTD Q2 FY25 YTD Q2 FY24 YTD Q2 FY25 YTD Q2 FY24 Y
Slide 9: Completely Re-Designed Flagship XStar
Completely Re-Designed Flagship XStar F I S C AL S E C O N D Q U AR T E R 2 0 2 5 R E S U L T S 9
Slide 10: Capital Allocation Framework
Capital Allocation Framework Retain Strong Financial Key Metrics Invest in Long-Term Growth Return Excess Cash Position ($’s in millions) Maintain healthy balance sheet Organic Growth: $50 million share repurchase program Cash and ST Investments $62.9 Ensure adequate liquidity Focused innova
Slide 11: FY25 Guidance
FY25 Guidance Metric Q3 FY25 FY25 Net Sales ~$75M Between $275M and $295M Adjusted EBITDA ~$5M Between $19M and $24M Adjusted EPS ~$0.17 Between $0.64 and $0.86 Capital Expenditures N/A ~$12M F I S C AL S E C O N D Q U AR T E R 2 0 2 5 R E S U L T S 11
Slide 12: Appendix
Appendix F I S C AL S E C O N D Q U AR T E R 2 0 2 5 R E S U L T S 12
Slide 13: Second Quarter Adjusted EBITDA Reconciliation
Second Quarter Adjusted EBITDA Reconciliation The following table sets forth a % of % of reconciliation of income from Q2 FY25 Q2 FY24 (Dollars in thousands) sales sales continuing operations as Income from continuing operations $ 426 0.7% $ 8,680 9.7% determined in accordance with Income tax expe
Slide 14: Second Quarter YTD Adjusted EBITDA Reconciliation
Second Quarter YTD Adjusted EBITDA Reconciliation The following table sets forth a reconciliation of income from Q2 FY25 % of Q2 FY24 % of continuing operations as (Dollars in thousands) YTD sales YTD sales determined in accordance with Income from continuing operations $ 1,442 1.1% $ 17,211 9.4%
Slide 15: Second Quarter Adjusted Net Income Reconciliation
Second Quarter Adjusted Net Income Reconciliation (Dollars in thousands, except per share and share am ounts) Q2 FY25 Q2 FY24 Income from continuing operations $ 426 $ 8,680 The following table sets forth a Income tax expense 275 2,644 Amortization of acquisition intangibles 450 450 reconciliation
Slide 16: Second Quarter YTD Adjusted Net Income Reconciliation
Second Quarter YTD Adjusted Net Income Reconciliation Q2 FY25 Q2 FY24 (Dollars in thousands, except per share and share am ounts) YTD YTD The following table sets forth a Income from continuing operations $ 1,442 $ 17,211 reconciliation of income from Income tax expense 468 5,139 continuing operat
Slide 17: Second Quarter Adjusted Net Income Per Share Reconciliation
Second Quarter Adjusted Net Income Per Share Reconciliation The following table sets forth a Q2 FY25 Q2 FY24 reconciliation of income from Income from continuing operations per diluted share $ 0.03 $ 0.51 continuing operations per diluted Impact of adjustments: share as determined in accordance In
Slide 18: Second Quarter YTD Adjusted Net Income Per Share Reconciliation
Second Quarter YTD Adjusted Net Income Per Share Reconciliation The following table sets forth a Q2 FY25 Q2 FY24 reconciliation of income from YTD YTD continuing operations per diluted Income from continuing operations per diluted share $ 0.09 $ 1.00 share as determined in accordance Impact of adj
Slide 19: MasterCraft Boat Holdings Inc.
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